Montage Gold Announces Graduation to the Toronto Stock Exchange
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) has received final approval to list its common shares on the Toronto Stock Exchange (TSX). Trading will commence on April 29, 2025, maintaining the 'MAU' symbol. The company will voluntarily delist from TSXV prior to TSX trading, with no action required from shareholders.
The graduation to TSX marks a strategic milestone in Montage's vision to become a premier African gold producer. The move is expected to enhance visibility, broaden investor base, increase liquidity, and enable potential index inclusion. The company's flagship Koné gold project in Côte d'Ivoire, one of the largest gold projects under construction globally, remains on budget with first gold pour targeted for Q2-2027.
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) ha ottenuto l'approvazione finale per la quotazione delle sue azioni ordinarie sulla Toronto Stock Exchange (TSX). Le negoziazioni inizieranno il 29 aprile 2025, mantenendo il simbolo 'MAU'. La società si delisterà volontariamente dalla TSXV prima dell'inizio delle contrattazioni sulla TSX, senza che sia necessaria alcuna azione da parte degli azionisti.
La promozione alla TSX rappresenta una tappa strategica nella visione di Montage di diventare un produttore di oro di primo piano in Africa. Questa mossa dovrebbe aumentare la visibilità, ampliare la base di investitori, migliorare la liquidità e favorire una possibile inclusione negli indici. Il progetto di punta dell'azienda, il Koné gold project in Costa d'Avorio, uno dei più grandi progetti auriferi in costruzione a livello mondiale, rimane nei tempi e nel budget, con la prima fusione d'oro prevista per il secondo trimestre del 2027.
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) ha recibido la aprobación final para listar sus acciones comunes en la Bolsa de Valores de Toronto (TSX). Las operaciones comenzarán el 29 de abril de 2025, manteniendo el símbolo 'MAU'. La compañía se retirará voluntariamente del TSXV antes de iniciar la negociación en la TSX, sin que los accionistas deban realizar ninguna acción.
El ascenso a la TSX representa un hito estratégico en la visión de Montage de convertirse en un productor líder de oro en África. Se espera que este movimiento aumente la visibilidad, amplíe la base de inversores, incremente la liquidez y permita una posible inclusión en índices. El proyecto estrella de la empresa, el Koné gold project en Costa de Marfil, uno de los mayores proyectos auríferos en construcción a nivel mundial, sigue dentro del presupuesto, con la primera fundición de oro prevista para el segundo trimestre de 2027.
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF)는 토론토 증권거래소(TSX)에 보통주 상장 최종 승인을 받았습니다. 거래는 2025년 4월 29일에 시작되며, 'MAU' 심볼을 유지합니다. 회사는 TSX 거래 개시 전에 TSXV에서 자발적으로 상장 폐지할 예정이며, 주주들은 별도의 조치를 취할 필요가 없습니다.
TSX로의 이전은 Montage가 아프리카를 대표하는 금 생산업체가 되겠다는 비전에서 전략적 이정표를 의미합니다. 이번 조치는 가시성을 높이고 투자자 기반을 확대하며 유동성을 증대시키고 잠재적인 지수 편입을 가능하게 할 것으로 기대됩니다. 회사의 주력 사업인 코네 금 프로젝트는 세계에서 가장 큰 금 프로젝트 중 하나로, 코트디부아르에서 진행 중이며 예산 내에서 진행되고 있고, 2027년 2분기에 첫 금 생산을 목표로 하고 있습니다.
Montage Gold Corp (TSXV : MAU, OTCQX : MAUTF) a reçu l'approbation finale pour la cotation de ses actions ordinaires à la Bourse de Toronto (TSX). Les échanges débuteront le 29 avril 2025, en conservant le symbole 'MAU'. La société procédera à une radiation volontaire de la TSXV avant le début des échanges à la TSX, sans qu'aucune action ne soit requise de la part des actionnaires.
Cette montée en gamme vers la TSX constitue une étape stratégique dans la vision de Montage de devenir un producteur d'or de premier plan en Afrique. Cette démarche devrait accroître la visibilité, élargir la base d'investisseurs, augmenter la liquidité et permettre une éventuelle inclusion dans les indices. Le projet phare de la société, le Koné gold project en Côte d'Ivoire, l'un des plus grands projets aurifères en construction au monde, reste dans les limites du budget, avec une première coulée d'or prévue pour le deuxième trimestre 2027.
Montage Gold Corp (TSXV: MAU, OTCQX: MAUTF) hat die endgültige Genehmigung für die Notierung seiner Stammaktien an der Toronto Stock Exchange (TSX) erhalten. Der Handel beginnt am 29. April 2025 und behält das Symbol 'MAU' bei. Das Unternehmen wird sich freiwillig vor Handelsbeginn an der TSX von der TSXV delisten, ohne dass Aktionäre Maßnahmen ergreifen müssen.
Der Aufstieg zur TSX markiert einen strategischen Meilenstein in Montages Vision, ein führender Goldproduzent in Afrika zu werden. Der Schritt soll die Sichtbarkeit erhöhen, die Anlegerbasis erweitern, die Liquidität steigern und eine mögliche Aufnahme in Indizes ermöglichen. Das Flaggschiff-Projekt des Unternehmens, das Koné Gold-Projekt in der Elfenbeinküste, eines der größten Goldprojekte im Bau weltweit, liegt im Budget und plant den ersten Goldguss für das zweite Quartal 2027.
- Graduation to senior TSX exchange enhances company visibility and potential investor base
- Koné gold project remains on budget
- Project timeline on track for Q2-2027 gold production
- None.
VANCOUVER, British Columbia, April 28, 2025 (GLOBE NEWSWIRE) -- Montage Gold Corp. (“Montage” or the “Company”) (TSXV: MAU, OTCQX: MAUTF) is pleased to announce that it has received final approval from the Toronto Stock Exchange ("TSX") for the listing of its common shares (the "Common Shares") on the TSX. The Common Shares will begin trading on the TSX at market open on April 29, 2025, and will continue to trade under its current stock symbol “MAU”.
In conjunction with the listing on the TSX, Montage’s Common Shares will be voluntarily delisted from the TSXV, effective prior to the commencement of trading on the TSX. Shareholders are not required to exchange their share certificates or take any other action in connection with the graduation as there will be no change in the trading symbol or CUSIP for the Common Shares.
Martino De Ciccio, CEO of Montage, commented: “Graduating to the TSX represents a significant milestone towards executing our strategy of becoming a premier African gold producer as it is expected to enhance visibility, broaden our investor base, increase liquidity, and provide potential index inclusion. This milestone reflects the rapid progress made to advance our flagship Koné gold project in Côte d’Ivoire, which is one of the largest gold projects currently under construction globally, and remains on budget and well on track for first gold pour in Q2-2027.”
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ABOUT MONTAGE GOLD
Montage Gold Corp. (TSXV: MAU) is a Canadian-listed company focused on becoming a premier multi-asset African gold producer, with its flagship Koné project, located in Côte d’Ivoire, at the forefront. Based on the Updated Feasibility Study published in 2024 (the “UFS”), the Koné project has an estimated 16-year mine life and sizeable annual production of +300koz of gold over the first 8 years and is expected to enter production in Q2-2027.
QUALIFIED PERSONS STATEMENT
The scientific and technical contents of this press release have been verified and approved by Mr. Peder Olsen, a Qualified Person pursuant to NI 43-101. Mr. Olsen, President and Chief Development Officer of Montage, is a registered Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM).
CONTACT INFORMATION
| For Investor Relations Inquiries: Jake Cain Strategy & Investor Relations Manager jcain@montagegold.com +44-7788-687-567 | For Media Inquiries: John Vincic Oakstrom Advisors john@oakstrom.com +1-647-402-6375 | For Regulatory Inquiries: Kathy Love Corporate Secretary klove@montagegold.com +1-604-512-2959 |
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking information and forward-looking statements within the meaning of Canadian securities legislation (collectively, “Forward-looking Statements”). All statements, other than statements of historical fact, constitute Forward-looking Statements. Words such as “will”, “intends”, “proposed” and “expects” or similar expressions are intended to identify Forward-looking Statements. Forward-looking Statements in this press release include statements related to the listing of the Company on the TSX, the effect of listing on the TSX, Company’s objectives of achieving production in the second quarter of 2027; the Company’s strategy or creating a premier gold producer; the Company’s mineral reserve and resource estimates; the timing and amount of future production from the Koné Gold Project; anticipated mining and processing methods of the Koné Gold Project; anticipated mine life of the Koné Gold Project.
Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions. There is no assurance that any economic satellite deposits will be discovered, and if discovered ever developed or mined. There can be no assurance that any Forward-looking Statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from include uncertainties inherent in the preparation of mineral reserve and resource estimates and definitive feasibility studies, and in delineating new mineral reserve and resource estimates, including but not limited to, assumptions underlying the production estimates not being realized, incorrect cost assumptions, unexpected variations in quantity of mineralized material, grade or recovery rates being lower than expected, unexpected adverse changes to geotechnical or hydrogeological considerations, or expectations in that regard not being met, unexpected failures of plant, equipment or processes (including construction equipment), delays in or increased costs for the delivery of construction equipment and services, unexpected changes to availability of power or the power rates, failure to maintain permits and licenses, higher than expected interest or tax rates, adverse changes in project parameters, unanticipated delays and costs of consulting and accommodating rights of local communities, environmental risks inherent in the Côte d’Ivoire, title risks, including failure to renew concessions, unanticipated commodity price and exchange rate fluctuations, delays in or failure to receive access agreements or amended permits, and other risk factors set forth in the Company’s Annual Information form available at www.sedarplus.ca, under the heading “Risk Factors”. The Company undertakes no obligation to update or revise any Forward-looking Statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Montage to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward-looking Statements contained in this press release are expressly qualified in their entirety by this cautionary statement.
FAQ
When will Montage Gold (MAUTF) begin trading on the Toronto Stock Exchange?
What are the benefits of Montage Gold's (MAUTF) TSX graduation?
When is the expected first gold pour at Montage Gold's (MAUTF) Koné project?
Do Montage Gold (MAUTF) shareholders need to take any action for the TSX listing?
